executory interest
executory interest see interest 1

Merriam-Webster’s Dictionary of Law. . 1996.

executory interest
n.
A future estate or interest in land.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


executory interest
An interest in property (particularly real estate) that will pass to another only if certain events occur.
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.

executory interest
n.
   an interest in property (particularly real estate) which will only pass to another in the future, or never, if certain events occur.

Law dictionary. . 2013.

Look at other dictionaries:

  • Executory interest — An Executory Interest is a future interest, held by a third party transferee (i.e. someone other than the grantee), which either cuts off another s interest or begins after the natural termination of a preceding estate. It differs from a… …   Wikipedia

  • executory interest — noun An third party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with said land going to a third party upon the occurrence of a condition; an interest created subject …   Wiktionary

  • executory interest — noun : an interest that takes effect through an executory limitation …   Useful english dictionary

  • springing executory interest — noun An interest in an estate in land created by the conditions of a grant wherein the grantor cuts short the grantors own interest in the property in favor of the grantee, contingent upon the occurrence of a specific condition. Example: Joe… …   Wiktionary

  • shifting executory interest — noun A third party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with the occurrence of a condition divesting the second party of the land in favor of the third party …   Wiktionary

  • fee simple subject to executory interest — noun A defeasible fee created with clear durational language expressing a condition (e.g. so long as , until , while ) which causes ownership of a property to revest in a third party identified by the grantor if that condition comes about. Syn:… …   Wiktionary

  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

  • executory limitation — n: a limitation that creates an executory interest a fee simple subject to an executory limitation see also executory interest at interest Merriam Webster’s Dictionary of Law. Merriam Webster …   Law dictionary

  • executory — ex·ec·u·to·ry /ig ze kyə ˌtōr ē/ adj: designed or of such a nature as to be performed in the future or to take effect on a future contingency cancellation of the executory portion of the contract J. J. White and R. S. Summers compare contingent… …   Law dictionary

  • Executory contract — An executory contract is a contract in which a party has material unperformed obligations. Although material, an obligation to pay money does not usually make a contract executory. An obligation is material if a breach of contract would result… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”